Professional Documents
Culture Documents
Samsung
Samsung
The Samsung Group (or simply Samsung, stylized in logo as SΛMSUNG) (Korean:)
most of them united under the Samsung brand, and is the largest South Korean
chaebol (business conglomerate). As of 2020, Samsung has the 8th highest global
brand value. Samsung was founded by Lee Byung-chul in 1938 as a trading company.
Over the next three decades, the group diversified into areas including food
processing, textiles, insurance, securities, and retail. Samsung entered the electronics
industry in the late 1960s and the construction and shipbuilding industries in the mid-
1970s; these areas would drive its subsequent growth. Following Lee's death in 1987,
Samsung was separated into five business groups – Samsung Group, Shinsegae
Group, CJ Group and Hansol Group, and Joongang Group. Notable Samsung
revenues), Samsung Heavy Industries (the world's 2nd largest shipbuilder measured
(respectively the world's 13th and 36th largest construction companies). Other notable
subsidiaries include Samsung Life Insurance (the world's 14th largest life insurance
company), Samsung Everland (operator of Everland Resort, the oldest theme park in
South Korea) and Cheil Worldwide (the world's 15th largest advertising agency, as
landowning family in the Uiryeong county moved to nearby Daegu city and founded
Sanghoe. Samsung started out as a small trading company with forty employees
and noodles. The company prospered and Lee moved its head office to Seoul in 1947.
When the Korean War broke out, he was forced to leave Seoul. He started a sugar
refinery in Busan named Cheil Jedang. In 1954, Lee founded Cheil Mojik and built
the plant in Chimsan-dong, Daegu. It was the largest woollen mill ever in the country.
Samsung diversified into many different areas. Lee sought to establish Samsung as a
leader in a wide range of industries. Samsung moved into lines of business such as
insurance, securities, and retail. In 1947, Cho Hong-jai, the Hyosung group's founder,
jointly invested in a new company called Samsung Mulsan Gongsa, or the Samsung
Trading Corporation, with the Samsung's founder Lee Byung-chull. The trading firm
grew to become the present-day Samsung C&T Corporation. After a few years, Cho
and Lee separated due to differences in management style. Cho wanted a 30 equity
share. Samsung Group was separated into Samsung Group and Hyosung Group,
Hankook Tire and other businesses. In the late 1960s, Samsung Group entered the
Semiconductor & Telecommunications, and made the facility in Suwon. Its first
product was a black-and-white television set. In 1980, Samsung acquired the Gumi-
based Hanguk Jeonja Tongsin and entered telecommunications hardware. Its early
products were switchboards. The facility was developed into the telephone and fax
manufacturing systems and became the center of Samsung's mobile phone
manufacturing. They have produced over 800 million mobile phones to date. The
company grouped them together under Samsung Electronics in the 1980s. After Lee,
the founder's death in 1987, Samsung Group was separated into five business groups
—Samsung Group, Shinsegae Group, CJ Group, Hansol Group and the JoongAng
Group. Shinsegae (discount store, department store) was originally part of Samsung
Group, separated in the 1990s from the Samsung Group along with CJ Group
JoongAng Group (Media). Today these separated groups are independent and they are
not part of or connected to the Samsung Group. One Hansol Group representative
said, "Only people ignorant of the laws governing the business world could believe
something so absurd", adding, "When Hansol separated from the Samsung Group in
1991, it severed all payment guarantees and share-holding ties with Samsung
affiliates." One Hansol Group source asserted, "Hansol, Shinsegae, and CJ have been
under independent management since their respective separations from the Samsung
Group". One Shinsegae department store executive director said, "Shinsegae has no
payment guarantees associated with the Samsung Group". In the 1980s, Samsung
were pivotal in pushing the company to the forefront of the global electronics
New York; in 1985, a plant in Tokyo; in 1987, a facility in England; and another
facility in Austin, Texas, in 1996. As of 2012, Samsung has invested more than
US$13,000,000,000 in the Austin facility, which operates under the name Samsung
Austin Semiconductor. This makes the Austin location the largest foreign investment
in Texas and one of the largest single foreign investments in the United States. In
1987, United States International Trade Commission order that the Samsung Group of
South Korea unlawfully sold computer chips in the United States without licenses
from the chip inventor, Texas Instruments Inc. The order requires Samsung to pay a
penalty to Texas Instruments within the coming weeks. Otherwise, sales of all
dynamic random access memory chips made by Samsung and all products using the
chips would be banned in the United States. The ban includes circuit boards and
equipment called single-in-line packages made by other companies that use D-RAM's
printers bearing either of the Samsung chips. Since 1990, Samsung has increasingly
globalised its activities and electronics; in particular, its mobile phones and
semiconductors have become its most important source of income. It was in this
Samsung's construction branch was awarded contracts to build one of the two
Petronas Towers in Malaysia, Taipei 101 in Taiwan and the Burj Khalifa in United
Arab Emirates. In 1993, Lee Kun-hee sold off ten of Samsung Group's subsidiaries,
largest producer of memory chips in 1992 and is the world's second-largest chipmaker
after Intel (see Worldwide Top 20 Semiconductor Market Share Ranking Year by
Year). In 1995, it created its first liquid-crystal display screen. Ten years later,
cooperate, and, in 2006, S-LCD was established as a joint venture between Samsung
and Sony in order to provide a stable supply of LCD panels for both manufacturers. S-
LCD was owned by Samsung (50% plus one share) and Sony (50% minus one share)
and operates its factories and facilities in Tanjung, South Korea. As of 26 December
2011, it was announced that Samsung had acquired the stake of Sony in this joint
venture. Compared to other major Korean companies, Samsung survived the 1997
Asian financial crisis relatively unharmed. However, Samsung Motor was sold to
range of aircraft from the 1980s to the 1990s. The company was founded in 1999 as
Korea Aerospace Industries (KAI), the result of a merger between then three domestic
Hyundai Space and Aircraft Company. However, Samsung still manufactures aircraft
engines and gas turbines. In 2000, Samsung opened a development center in Warsaw,
Poland. Its work began with set-top-box technology before moving into digital TV
and smartphones. The smartphone platform was developed with partners, officially
launched with the original Samsung Solstice line of devices and other derivatives in
2008, which was later developed into Samsung Galaxy line of devices including
Notes, Edge and other products. In 2007, former Samsung chief lawyer Kim Yong
Chul claimed that he was involved in bribing and fabricating evidence on behalf of
the group's chairman, Lee Kun-hee, and the company. Kim said that Samsung lawyers
even though those executives were not involved. Kim also told the media that he was
"sidelined" by Samsung after he refused to pay a $3.3 million bribe to the U.S.
Federal District Court judge presiding over a case where two of their executives were
found guilty on charges related to memory chip price-fixing. Kim revealed that the
company had raised a large number of secret funds through bank accounts illegally
opened under the names of up to 1,000 Samsung executives—under his own name,
four accounts were opened to manage 5 billion won. In 2010, Samsung announced a
ten-year growth strategy centered around five businesses. One of these businesses was
In first quarter of 2012, Samsung Electronics became the world's largest mobile phone
maker by unit sales, overtaking Nokia, which had been the market leader since 1998.
On 24 August 2012, nine American jurors ruled that Samsung Electronics had to pay
Apple $1.05 billion in damages for violating six of its patents on smartphone
technology. The award was still less than the $2.5 billion requested by Apple. The
decision also ruled that Apple did not violate five Samsung patents cited in the case.
Samsung decried the decision saying that the move could harm innovation in the
sector. It also followed a South Korean ruling stating that both companies were guilty
of infringing on each other's intellectual property. In first trading after the ruling,
Samsung shares on the Kospi index fell 7.7%, the largest fall since 24 October 2008,
to 1,177,000 Korean won. Apple then sought to ban the sales of eight Samsung
Galaxy S2 Epic 4G, Galaxy S Showcase, Droid Charge and Galaxy Prevail) in the
United States which has been denied by the court. As of 2013, the Fair Trade
agency for false advertising. The case was commenced after the commission received
complaints stating that the agency hired students to attack competitors of Samsung
Facebook page in which it stated that it had not interfered with any evaluation report
and had stopped online marketing campaigns that constituted posting or responding to
content in online forums. In 2015, Samsung has been granted more U.S. patents than
any other company – including IBM, Google, Sony, Microsoft and Apple. The
company received 7,679 utility patents through 11 December. The Galaxy Note 7
Samsung suspended sales of the phone and announced an informal recall. This
occurred after some units of the phones had batteries with a defect that caused them to
produce excessive heat, leading to fires and explosions. Samsung replaced the
recalled units of the phones with a new version; however, it was later discovered that
the new version of the Galaxy Note 7 also had the battery defect. Samsung recalled all
production of the phone the following day. In 2018, Samsung launched the world's
AFFILIATES
company headquartered in Suwon and the flagship company of the Samsung Group.
Its products include air conditioners, computers, digital television sets, active-matrix
equipment. It was the world's largest mobile phone maker by unit sales in the first
quarter of 2012, with a global market share of 25.4%.It was also the world's second-
largest semiconductor maker by 2011 revenues (after Intel). Steco is the joint venture
Samsung Electronics and Toshiba of Japan which specialises in optical disc drive
manufacturing. TSST was formed in 2004, and Toshiba owns 51 percent of its stock,
while Samsung owns the remaining 49 percent. Samsung Electronics is listed on the
Incheon, South Korea and its existing three plants comprises the largest biologic
San Francisco, U.S. Samsung Biologics is listed on the Korean Exchange stock
joint venture between Samsung Biologics (50 percent plus one share) and the U.S.-
based Biogen Idec (50 percent). In 2014, Biogen Idec agreed to commercialize future
founded in January 1969. Its principal activity is the construction of oil refining
plants; upstream oil and gas facilities; petrochemical plants and gas plants; steel
making plants; power plants; water treatment facilities; and other infrastructure. It
achieved total revenues of 9,298.2 billion won (US$8.06 billion) in 2011. Samsung
headquartered in Seoul. It was founded in January 1952 as Korea Anbo Fire and
Marine Insurance and was renamed Samsung Fire & Marine Insurance in December
1993. Samsung Fire & Marine Insurance offers services including accident insurance,
premium income of $11.7 billion in 2011 and total assets of $28.81 billion on 31
March 2011. It is the largest provider of general insurance in South Korea. Samsung
Fire has been listed on the Korea Exchange stock market since 1975 (number
headquartered in Seoul. It was founded in August 1974. Its principal products are bulk
carriers, container vessels, crude oil tankers, cruisers, passenger ferries, material
handling equipment steel and bridge structures. It achieved total revenues of 13,358.6
billion won in 2011 and is the world's second-largest shipbuilder by revenues (after
life insurance company headquartered in Seoul. In 1998, Samsung created a U.S. joint
venture with Compaq, called Alpha Processor Inc. (API), to help it enter the high-end
processor market. The venture was also aimed at expanding Samsung's non-memory
chip business by fabricating Alpha processors. At the time, Samsung and Compaq
invested $500 million in Alpha Processor. GE Samsung Lighting was a joint venture
between Samsung and the GE Lighting subsidiary of General Electric. The venture
was established in 1998 and was broken up in 2009. Global Steel Exchange was a
joint venture formed in 2000 between Samsung, the U.S.-based Cargill, the
of the ArcelorMittal), to handle their online buying and selling of steel. Samtron was a
continued to make computer monitors and plasma displays until 2003, Samtron
became Samsung when Samtron was a brand. In 2003 the website redirected to
announced that it would acquire all of Sony's shares in the venture. It was founded in
March 1957 as Dongbang Life Insurance and became an affiliate of the Samsung
Group in July 1963. Samsung Life's principal activity is the provision of individual
life insurance and annuity products and services. As of December 2011 it had
operations in seven countries, 8.08 million customers and 5,975 employees. Samsung
Life had total sales of 22,717 billion won in 2011 and total assets of 161,072 billion
won at 31 December 2011. It is the largest provider of life insurance in South Korea.
Samsung Air China Life Insurance is a 50:50 joint venture between Samsung Life
Insurance and China National Aviation Holding. It was established in Beijing in July
2005. Siam Samsung Life Insurance: Samsung Life Insurance holds a 37 percent
stake while the Saha Group also has a 37.5 percent stake in the joint venture, with the
the Korea Exchange stock market (number 032830). Samsung SDI is listed on the
European Union's antitrust regulator fined Samsung SDI and several other major
companies for fixing prices of cartels lasting nearly a decade. SDI also builds lithium-
ion batteries for electric vehicles such as the BMW i3, and acquired Magna Steyr's
battery plant near Graz in 2015. SDI began using the "21700" cell format in August
2015. Samsung plans to convert its factory in Göd, Hungary to supply 50,000 cars per
year. Samsung SDI also produced CRTs and VFD displays until 2012. Samsung SDI
uses lithium-ion technology for its phone and portable computer batteries. Samsung
March 1985. Its principal activity is the providing IT system (ERP, IT Infrastructure,
IT Consulting, IT Outsourcing, Data Center). Samsung SDS is Korea's largest IT
service company. It achieved total revenues of 6,105.9 billion won (US$5.71 billion)
in 2012. Samsung C&T Corporation is listed on the Korea Exchange stock market
listed on the Korea Exchange stock market (number 009150). Samsung Advanced
operates research labs around the world. Ace Digitech is listed on the Korea Exchange
stock market (number 036550). Cheil Industries is listed on the Korea Exchange stock
following the intention of the late Lee Byung-chul, the founder of the Samsung
Group. Shilla Hotels and Resorts is listed on the Korea Exchange stock market
(number 008770). Samsung Everland covers the three main sectors of Environment &
Asset, Food Culture and Resort. The Samsung Medical Center was founded on 9
health through the best medical service, advanced medical research and development
hospital and a cancer center, which is the largest in Asia. The hospital is located in an
intelligent building with floor space of more than 200,000 square meters and 20 floors
centers, 120 special clinics and 1,306 beds. The 655-bed Cancer Center has 11 floors
above ground and 8 floors underground, with floor space of over 100,000 square
over 1,200 doctors and 2,300 nurses. Since its foundation in the 1990s, the Samsung
Medical Center has successfully incorporated and developed an advanced model with
Changwon Hospital, Samsung Cancer Center and Samsung Life Sciences Research
Center. In 2010, the Samsung Medical Center and pharmaceutical multinational Pfizer
(number 016360). S-1 was founded as Korea's first specialized security business in
1997 and has maintained its position at the top of industry with the consistent
up the venture, aT Grain Co., in Chicago, with three other South Korean companies,
Hanjin Transportation Co. and STX Corporation each hold 15 percent. Brooks
Automation Asia Co., Ltd. is a joint venture between Brooks Automation (70%) and
Samsung (30%) which was established in 1999. The venture locally manufactures and
configure vacuum wafer handling platforms and 300mm Front-Opening Unified Pod
(FOUP) load port modules, and designs, manufactures and configures atmospheric
loading systems for flat panel displays. Company POSS – SLPC s.r.o. was founded in
and the company POSCO. Samsung BP Chemicals, based in Ulsan, is a 49:51 joint
venture between Samsung and the UK-based BP, which was established in 1989 to
produce and supply high-value-added chemical products. Its products are used in
rechargeable batteries and liquid crystal displays. Samsung Corning Precision Glass is
a joint venture between Samsung and Corning, which was established in 1973 to
manufacture and market cathode ray tube glass for black and white televisions. The
company's first LCD glass substrate manufacturing facility opened in Gumi, South
between Samsung LED Co., Ltd., an LED maker based in Suwon, Korea-based and
the Japan-based Sumitomo Chemical. The JV will carry out research and
development, manufacturing and sales of sapphire substrates for LEDs. SD Flex Co.,
Ltd. was founded in October 2004 as a joint venture corporation by Samsung and
DuPont, one of the world's largest chemical companies. Sermatech Korea owns 51%
of its stock, while Samsung owns the remaining 49%. The U.S. firm Sermatech
special welding and brazing. Siltronic Samsung Wafer Pte. Ltd, the joint venture by
Samsung and wholly owned Wacker Chemie subsidiary Siltronic, was officially
opened in Singapore in June 2008. SMP Ltd. is a joint venture between Samsung Fine
Chemicals and MEMC. In 2011, MEMC Electronic Materials Inc. and an affiliate of
(commonly known as Bosch) and Samsung SDI founded in June 2008. The joint
venture develops and manufactures lithium-ion batteries for use in hybrid-, plug-in
The word Samsung means "three stars" in Korean. It became the name associated
with different types of business establishments in South Korea and in various parts of
the world. Internationally, people associate the name with electronics, information
technology and development. In 1969, Samsung Electronics was born. From there, the
hospital, paper manufacturing plant, life insurance company, department stores and
many others. The company was destined to become a household name starting in its
mother country and spanning its reach to many other cities internationally. Samsung
Electronics started catering to the international market in the seventies kicking off
with the corporation's acquisition of half of Korea Semiconductor which made it the
was merged with Samsung Semiconductors and Telecommunications. This paved the
way towards a stronger hold on the international market with high-tech products that
will become a staple in every home. This development continued on through the next
decade as Samsung kept on going beyond its boundaries and restructuring its business
plan to accommodate the global scene. Adopting a new form of management proved
to be a wise move for the company as its products made their way on the list of top
must-haves in their various fields. TV-LCD's, picture tubes, Samsung printers and
other high-tech products became popular acquisitions due to their high quality. When
Samsung ventured into the LCD industry in 1993, it became the world's best. The
providing only the best products to the whole world. It applies a "Line Stop" system
wherein anybody can stop the process of production in the event that substandard
products are discovered. To date, Samsung continues to maintain its status as the
"world's best" technology provider. Its highly qualified workforce is still striving for
excellence in their respective fields making the whole company a huge success in the
improvement of its management structure and the application of its philosophies: "We
will devote our human resources and technology to create superior products and
phones at a speed to keep up with consumer demand. Samsung has made steady
growth in the mobile industry and are currently second but competitor Nokia is ahead
with more than 100% increase in shares. 2. Thinking Global: Samsung’s Growing
Success Samsung is one of the world’s largest technology providers. It started out as
trading company exporting various products from South Korea to Beijing, China.
multinational corporation that it is today. The word Samsung means “three stars” in
Korean. It became the name associated with different types of business establishments
in South Korea and in various parts of the world. Internationally, people associate the
Electronics was born. From there, the company started acquiring and creating
insurance company, department stores and many others. The company was destined to
become a household name starting in its mother country and spanning its reach to
kicking off with the corporation’s acquisition of half of Korea Semiconductor which
made it the leading electronics manufacturer in the country. The success of Samsung
as a technology provider continues to grow through the eighties as Samsung
This paved the way towards a stronger hold on the international market with high-tech
products that will become a staple in every home. This development continued on
through the next decade as Samsung kept on going beyond its boundaries and
restructuring its business plan to accommodate the global scene. Adopting a new form
of management proved to be a wise move for the company as its products made their
way on the list of top must-haves in their various fields. TV-LCD’s, picture tubes, and
other high-tech products became popular acquisitions due to their high quality. When
Samsung ventured into the LCD industry in 1993, it became the world’s best.The
providing only the best products to the whole world. It applies a “Line Stop” system
wherein anybody can stop the process of production in the event that substandard
products are discovered. Even when the whole of Korea experienced a terrible
economic decline in 1997, Samsung was still able to cope with the changes. While it
had its own share of suffering by being forced to restructure the whole corporation
and release ten companies under its umbrella, it was still able to stand up and enjoy
development. To date, Samsung continues to maintain its status as the “world’s best”
technology provider. Its highly qualified workforce is still striving for excellence in
their respective fields making the whole company a huge success in the making. The
management structure and the application of its philosophies: “We will devote our
human resources and technology to create superior products and services, thereby
and founded Samsung Sanghoe (???? ), a small trading company with forty
fish produced in and around the city, and the noodles, Byeolpyo Guksu produced
itself. The company prospered and Lee moved its head office to Seoul in 1947. When
the Korean War broke out, however, he was forced to leave Seoul and started a sugar
refinery in Busan as a name of Cheil Jedang. It was the first South Korean sugar
manufacturing facility. After the war, in 1954, Lee founded Cheil Mojik and built the
plant in Chimsan-dong, Daegu. It was the largest woolen mill ever in the country and
the company took on an aspect of a major company. Samsung’s diversified into many
areas and Lee sought to establish Samsung as an industry leader in a wide range of
enterprises. The company started moving into businesses such as insurance, securities,
and retail. South Korean President Park Chung-hee’s regime during the 1960s and
1970s would prove a boon for Samsung. Park placed great importance on
large domestic conglomerates, protecting them from competition and assisting them
financially. Samsung was one of these companies. Park banned several foreign
that was in its infancy. In the late 1960s, Samsung Group began the electronics
Devices Co. , Samsung Electro-Mechanics Co. , Samsung Corning Co. , and Samsung
Semiconductor & Telecommunications Co. , and made the facility in Suwon. Its first
product was a black-and-white television set. In 1980, the company acquired Hanguk
Jeonja Tongsin in Gumi, and started to build telecommunication devices. Its early
products were switchboards. The facility were developed into the telephone and fax
manufacturing. They have produced over 800 million mobile phones to date. The
company grouped them together under Samsung Electronics Co. , Ltd. in the 1980s.
View of the Samsung logo inside the Time Warner Center in New York City. In the
late 1980s and early 1990s, Samsung Electronics invested heavily in research and
development, investments that were pivotal in pushing the company to the forefront
of the global electronics industry. “By the 1980s Samsung was manufacturing,
shipping, and selling a wide range of appliances and electronic products throughout
the world”“. In 1982, it built a television assembly plant in Portugal; in 1984, it built a
$25 million plant in New York; in 1985, it built a $25 million plant in Tokyo; and in
1987, it built another $25 million facility in England. The 1990s saw Samsung rise as
but also began leading the way in certain electronic components. Samsung’s
construction branch was awarded a contract to build one of the two Petronas Towers
in Malaysia, Taipei 101 in Taiwan and the Burj Khalifa in United Arab Emirates
(founded by Callum Cuirtis), which is the tallest structure ever constructed. 12] In
1993 and in order to change the strategy from the imitating cost-leader to the role of a
differentiator, Lee Kun-hee, Lee Byung-chull’s successor, sold off ten of Samsung
other major Korean companies, Samsung survived the Asian financial crisis of 1997–
Industries (KAI), the result of merger between then three domestic major Aerospace
divisions of Samsung Aerospace, Daewoo Heavy Industries and Hyundai Space and
as of 2009 (Korea Development Bank 30. 53%, Samsung Techwin 20. 54%, Doosan
(formerly known as Daewoo Heavy Industries) 20. 4%, Hyundai Motor 20. 54%).
Electronics (SEC) has since come to dominate the group and the worldwide
the 2005 fiscal year. Samsung’s brand strength has greatly improved in the last few
years. Samsung became the largest producer of memory chips in the world in 1992,
and is the world’s second-largest chipmaker after Intel (see Worldwide Top 20
Semiconductor Market Share Ranking Year by Year). From 1999 to 2002, Samsung
(Hitachi and NEC) and Micron Technology to fix the prices of DRAM chips sold to
American computer makers. In 2005 Samsung agreed to plead guilty and to pay a
$300 million fine, the second-largest criminal antitrust fine in the US history. In 1995,
it built its first liquid-crystal display screen. Ten years later, Samsung grew to be the
world’s largest manufacturer of liquid-crystal display panels. Sony, which had not
was established as a joint venture between Samsung and Sony in order to provide a
stable supply of LCD panels for both manufacturers. S-LCD is owned by Samsung
(50% plus 1 share) and Sony (50% minus 1 share) and operates its factories and
double sales and become the top manufacturer of 20 products globally by 2010.
Electronics, which saw record profits and revenue in 2004 and 2005, overtook Sony
as one of the world’s most popular consumer electronics brands, and is now ranked
#19 in the world overall. Behind Nokia, Samsung is the world’s second largest by
volume producer of cell phones with a leading market share in the North America and
Western Europe. On December 29, 2009, Samsung sued Mike Breen and the Korea
Times, for $1 million, claiming criminal defamation over a satirical column published
on Christmas Day 2009. Korea Times issued a correction on December 26, 2009 and
January 29, 2010 stating “that Korean and overseas readers might be sufficiently
misled” and that “the claims made in the column were entirely false and without
foundation. “Samsung dropped the charges following the correction and Michael
Breen’s apology. In May 2010 the EU antitrust watchdog levied a 145. 73 million
euro fine against Samsung for illegally fixing prices with 8 other memory chip
makers. Samsung – The History When we talk about businesses that have humble
beginning, then the history of Samsung can serve as the perfect example. It all started
initiated a business in Korea with a capital of only 30,000 won. The primary products
of what was then Samsung were dried Korean fish, fruits, and vegetables traded from
Beijing and Manchuria. For the etymology of Samsung, it has the root words “three
stars. ” The business or Mr. Lee expanded and it had acquired confectionery
machines, increased its sales operations and as we have known at present it has
become a global corporation that is now offering various brands, products, around the
world. The Samsung Electronics that mainly produces Samsung mobile phones and
other mobile phone deals today is similar to the Samsung Company that existed in the
1970s. In the 1970s, the strategic foundations of Samsung became more established
it has achieved the following accomplishments for mobile phones production and
record breaker in the United States for mobile phones o Introduced the 10M pixel for
camera mobile phones o Revealed the fastest HSDPA phone and system in the world
o Commenced and completed the manufacturing plant in India for mobile phones The
present line up of Samsung mobile phones which comes with excellent mobile phone
deals include the most beautiful technology mobiles namely: SGH-E950, SGH-E840,
and SGH-J600. he latest luxurious mobile phones introduced in Singapore are known
for its stylish designs, innovative and excellent features, that all comes with high-tech
and performances of Samsung mobile phones will continue to rule the mobile phone
industry around the world. 5. Brief History of the Samsung Company Samsung is a
Korean company that has risen to prominence in many fields over the years. The size
and the scope of the company is almost unimaginable, as they are one of the largest
and most diverse companies in the world. While the company is mostly known for
their technology division [cell phones, radios, MP3 players, computer screens, and the
like] they have many other divisions as well. The company has expanded from a
humble storefront launched in the late 1930s to the largest company in Korea and the
second largest company in the world. In addition to the electronics division, which is
the most profitable and successful one in the world, the company also has forayed into
finance, chemicals, retail, and straight-up entertainment – all with great degrees of
uccess. The company employs many of South Korea’s finest employees, including
many with PHD level education. This is not surprising, seeing as the company’s
assets total somewhere around $300 billion. The company has some of the most loyal
employees around and many work every day – that means no holiday time off or
weekends — both because they want to and it is expected. The company was once
even larger than it is now, but the government, concerned about the power that the
Because the company is so large and powerful, they have been accused of
bankrupting some other companies – or worse, making the market so that other
companies don’t stand a chance at the start. They are also very much so the leader in
electronic components that other companies use to build products – and as such, can
control the market value and inflate prices at will. This is why the government
stepped in and attempted to somewhat limit the huge conglomerate’s power and
scope. However, it is important to note that the company is responsible for at least 1/5
of the country’s exports. As a result, they are in a position of power because of the
money they supply to the government. Additionally, their vast number of employees
are essential to the country’s economy. The company has been around for quite some
time, and although there has been some controversy about their strength and power in
South Korea, there is no denying that they benefit the economy greatly by providing
jobs, exporting their services, and otherwise doing things that smaller companies
people worldwide using their products, particularly the electronics such as cell phones
and MP3 players. It’s not surprising that the company continues to thrive in the ways
was primarily in trade export, selling dried Korean fish, vegetables, and fruit to
Manchuria and Beijing. But in just over a decade, SAMSUNG – meaning literally
“three stars” in Korean – would have its own flour mills and confectionery machines,
its own manufacturing and sales operations, and ultimately become the roots of the
modern global corporation that still bears the same name today. 1969 Dec
in March 1975 and merged with SAMSUNG Electronics in March 1977) Jan
Electronics in February 1984) 968 Nov Koryo General Hospital opened (Renamed
SAMSUNG) 1958 Feb Ankuk Fire & Marine Insurance acquired (Renamed
SAMSUNG Fire & Marine Insurance in October1993) 1954 Sep Cheil Industries Inc.
founded 1953 Aug Cheil Sugar Manufacturing Co. founded (Now an independent
company and no longer affiliated with SAMSUNG) 1951 Jan SAMSUNG Moolsan